Note for Branch

Head

Note for New of Credit Facilities up-to Rs.2.00 Crore

ZONE :JAIPUR BRANCH :JAIPUR-MIRZA ISMAIL ROAD

LLMS ID No. :M-0389-25-195989 CIF No. :00000040295512661
Case number :MSME-0000176911- SCHEME :Maha MSME collateral free term loan
LLMS scheme
SEGMENT : Priority Micro INDUSTRY :SERVICES

AUDITED INVESTMENT IN EQUIPMENTS : Rs. 81.38 Lakh

AUDITED TURNOVER : Rs. 97.89 Lakh

1. Proposal :

Sanction of fresh
TERM LOAN 24.70 Lacs
facility.

Delegation This proposal falls within the delegated lending powers of Branch Head
as:

1. Total Exposure to Applicant Company/Borrower is Rs. 24.70 Lakh

2. Total exposure to the Group is Rs. 24.70 Lakh

2. Borrower/ Company Profile:

Constitution : PARTNERSHIP FIRMS

Name : M/s KBG ENTERPRISES
Date of Incorporation : 02/11/2016
Activity : SERVICES - SPORTS CLUBS
GYMNASIUMS HEALTH CLUBS
Banking with us since : 16/01/2025
Activity Code : 38074
Udyam Registration No: UDYAM-RJ-
GST Number : 08AARFK1417G2Z9
17- 0234669
Key Person :

Group, if any / Promoter : Not Applicable 1. Name :Mr.AJIT SINGH (Partner)

Mobile No :918385808585

Business Address

2 NORTH EAST SIDE IN CRUSTAL PALM

3, MAHIMAS CRYSTAL PALM SARDAR
PATEL ROAD
RESIDENCY MARG HALHROL JAIPUR

Name of Account : M/s KBG ENTERPRISES,

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Address of the unit : RAJASTHAN,

INDIA
302001 , JAIPUR
RAJASTHAN

Net
Name of the PAN No. / Aadhar Worth
Sr KYC
Promoter DIN / Reference Residential Address (Rs.
No. Compliance
/Partner Passport No. No. In
Lakh)
21.80
(As
A 19 Van Vihar,Near
FILPS0733Q 95344819283 On
1 Mr. Ajit Tejaji Mandir Tonk Complied
5 Date
Singh Road,India,302015
:
31/0
1
/2025)
23.72
(As
Mr. Harsh So AMKPH6662B 41957988205 F 1 C 232 Modeltown,, On
2 Complied
Vinay Kumar 9 Jaipur,302017 Date
:
31/0
1
/2025)
12.63
(As
H 20 Housing
Mr. BFQPK0534K 95211594376 On
3 Board,H 20 Housing Complied
Saurabh 0 Date
Board,
Kumar :
Jhunjhunu,333001
Buri 31/0
1
/2025)

2. a) Credit Facilities (Existing and proposed): (Rs. in Lakh )

Sr. No Nature of facility Existing Proposed Increase/ decrease

1 Term Loan 0.00 24.70 +24.70
A Total Funded 0.00 24.70 24.70
B Total Non Funded 0.00 0.00 0.00
Total Credit Facilities (A+B) 0.00 24.70 24.70

b) Present Position of Accounts as on 17/01/2025 (Rs. in Lakh )

Facility Limit Security DP Balance O/s Overdue, if any

Not Applicable

c) Group/ Exposure Limit status (Rs. in Lakh )

Name of Account : M/s KBG ENTERPRISES,

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Non Investment Prudential

Exposure on Name Fund Total
Fund exposure Limit

Name of Account : M/s KBG ENTERPRISES,

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Applicant KBG
24.70 0.00 0.00 24.70 183214.00
Company/ ENTERPRISES
borrower
Other group concerns XX XX XX XX XX
TOTAL EXPOSURE 24.70 0.00 0.00 24.70 229017.00

3. IRAC Status : Not Applicable

4. Date of last Sanction/ Review / Renewal: Fresh Sanction

Sanctioning/ Reviewing Authority: Not Applicable

5. Financial Arrangement:

Term Loan : Sole

Working Capital :

(Detail of Banks Share be submitted if under Consortium/ Multiple Banking Arrangements)

5.1 : Negative database Check (CIBIL/CFR/CIBIL Default list/CIBIL Suit filed)

CIBIL :NA
Date of CIBIL report :17/01/2025
Commercial CIBIL :NA
Remarks on CIC Score:No Score to comment

Date
Remarks
Sr. of CIBIL
Type Name Remarks on CIC
No. CIBIL Score
Score
report
Low average trade age; Low
proportion of satisfactory trades;
Promote AJIT 13/02
1 752 Credit card balances are high in ok
r SINGH /2025
proportion to High Credit Amount;
/Partner
Too few satisfactory bankcard
accounts;
Low average trade age; Presence of a
HARSH high number of enquiries; Low
Promote 13/02
2 SO 765 proportion of satisfactory trades; OK
r /2025
VINAY Credit card balances are high in
/Partner
KUMAR proportion to High Credit Amount;
Credit card balances are too high in
proportion to High Credit Amount;
SAURABH
Promote 13/02 Low average trade age; Low
3 KUMAR 769 ok
r /2025 proportion of satisfactory trades;
BURI
/Partner Presence of delinquency; Credit card
balances are high in proportio

CFR :

Name of Account : M/s KBG ENTERPRISES,

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Reference to CIBIL Defaulters list and High mark / Equifax list :-

Names of the Borrower/ Promoter/Partner etc. are not appearing in the following lists :

Sr No. Particulars Date of Report

1 CIBIL NSF Defaulter's List Rs.1.00 Crore & above
2 CIBIL NSF Wilful Defaulter's List Rs.25.00 Lacs & above
3 CIBIL Suit Filed accounts of Rs. 1.00 Crore and above
4 CIBIL Suit Filed accounts [Wilful Defaulters] of Rs. 25 Lakhs and
above
5 High Mark Suit Filed accounts of Rs. 1.00 Crore and above
High Mark Suit Filed accounts [Wilful Defaulters] of Rs. 25
6
Lakhs and above
7 CIBIL NSF Defaulter's List Rs.1.00 Crore & above
8 CIBIL NSF Wilful Defaulter's List Rs.25.00 Lacs & above
9 CIBIL Suit Filed accounts of Rs. 1.00 Crore and above
10 CIBIL Suit Filed accounts [Wilful Defaulters] of Rs. 25 Lakhs and
above
11 High Mark Suit Filed accounts of Rs. 1.00 Crore and above
High Mark Suit Filed accounts [Wilful Defaulters] of Rs. 25
12
Lakhs and above
13 CIBIL NSF Defaulter's List Rs.1.00 Crore & above
14 CIBIL NSF Wilful Defaulter's List Rs.25.00 Lacs & above
15 CIBIL Suit Filed accounts of Rs. 1.00 Crore and above
16 CIBIL Suit Filed accounts [Wilful Defaulters] of Rs. 25 Lakhs and
above
17 High Mark Suit Filed accounts of Rs. 1.00 Crore and above
High Mark Suit Filed accounts [Wilful Defaulters] of Rs. 25
18
Lakhs and above

Details where name / similar name is appearing (Rs. in Lakh )

Name / % of
Name of the
holding in Name of the list Name of Amount of
(defaulting) party
applicant with date Reporting Bank default
or borrower
concern.
No similar data observed

ITR-V Authentication:

Acknowledgement Date of

Name of Account : M/s KBG ENTERPRISES,

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Customer Name number Validity Current status verification

No data

Activity in brief :

Brief Background of the Company :

M/s KBG Enterprises is a partnership Firm, established in Aug 2017, to undertakeGYM

FITNESS AND WELLNESS SERVICES.This registered office is situated atPLOT NO. 2, NORTH
EAST SIDE IN CRSYTAL PALM, 3, MAHIMA'S CRYSTAL PALM, SARDAR PATEL ROAD, JAIPUR,
RAJASTHAN,
302001& isrented premises..

Their client base extends across city majority are the students, Businessmen, Service class
residing nearby 10 KM. Currently GYM is providing services to 3000 people. GYM is
operational from Monday to Saturday Morning 6 AM to Evening 10 PM.

The firm is registered with various government departments mentioned as under:-

Date of issue of
S. No. Name of Department/ Registration No./ Certificate
certificate/ Deed
Certification No.
1 Income Tax Department AARFK1417G 02.11.2016
2 Udyam Registration NO. UDYAM-RJ-17-0234669 14.02.2023
3 GST 08AARFK1417G2Z9 05.08.2017

Comment on Corporate Governance :

Visiting Details:

Date
Name and Designation of the
of Brief Remarks
Visiting Official:
Visit
The office was visited by Chief Manager MI Road
&& Manager Saurabh K Patodi, Jaipur on
01/01/2025 during office working hours.
The office premises is situated around 6
KMs away from branch.
At the time of visit Sh. Ajit SIngh, was
PF present at the GYM.
Name Designatio
No. The GYM premises in situated on the 3rd
n
Floor at MAHIMA'S CRYSTAL PALM, SARDAR
HIMANSH
PATEL
U AJAY CHIEF
29952 2025 ROAD, JAIPUR
KUMAR MANAGER
JAISWAL - At the time of visit GYM was operational &&
02- nearly 10-15 people were engaged in
SAURABH 01 different kind of health services
KUMAR MANAGER 30595
Reception, Café, YOGA house, are also at
PATODI
the third floor. floor.

Name of Account : M/s KBG ENTERPRISES,

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As informed by Sh. Ajit Singh that Morning

session 6 to 9 AM && Evening Session 5 PM
to 8 Pm are peak hours.
In view of above Branch Manager M I Road
Branch has recommended for fresh sanction of
the credit facilities.

6. Due Diligence Agency Report :

Name of Company/Firm Omega Credit Information India Pvt. Ltd.

Name of the contact person Bipin Dubey
Address 193 A, Saheed Vihar Saheed Path, Raibareilly Road, Lucknow-
226025
Mobile no. 9935679666
Email Id [email protected]
Report Received Yes
Report Received Date 2025-02-04
M/S KBG ENTERPRISES is registered with GST Department with
the GST Number: -08AARFK1417G2Z9 since 14/08/2017.The
firm registered office is located at: PLOT NO. 2, NORTH EAST
SIDE IN CRSYTAL PALM, 3,MAHIMA'S CRYSTAL PALM, MAHIMA'S
Brief Snapshot of Entity CRYSTAL PALM, SARDAR PATEL ROAD, RESIDENCYMARG,
HALHROL,
JAIPUR, JAIPUR, RAJASTHAN, 302001The firm main operation is
GYM FITNESS AND WELLNESS SERVICESThe firm M/S KBG
ENTERPRISES is operated by AJIT SINGH, SAURABH KUMAR
BURI, HARSH
Organization & Management AS PER DUE DILIGENCE REPORT
Business Profile AS PER DUE DILIGENCE REPORT
Financial Performance AS PER DUE DILIGENCE REPORT
Market Feedback AS PER DUE DILIGENCE REPORT
Defaulters List NA
Document Checkist AS PER DUE DILIGENCE REPORT

7. Key Financial Indicators: Rs. in (Lakh)

2022 2023 2024 2024 2025 2026

Year ended (DD-Mon- 31-Mar- 31-Mar- 31-Mar- 31-Mar- 31-Mar-
31-Mar-24
YYYY) 22 23 24 25 26
Estimates accepted in
Audited Audited Audited Estimate Projecte
last
d d
sanction
Net Sales 0 0 97.89 0 150 170
% Increase/Decrease 0 0 0 0 53.23 13.33
EBIDTA 0 0 -4.69 0 34.48 43.87
% of EBIDTA to Total
0 0 -4.79 0 22.99 25.81
Reciepts
Net Profit After tax
0 0 -17.97 0 18.47 23.96
(NPAT)
% of NPAT to Net 0 0 -18.36 0 12.31 14.09
Sales
Cash Accruals 0 0 -4.69 0 18.74 17.35
Name of Account : M/s KBG ENTERPRISES,
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Total Outside
0 0 90.6 0 91.81 79.77
Liabilities (TOL)
Tangible Networth 0 0 22.14 0 42.3 45.21
(TNW)
TOL / TNW 0 0 4.09 0 2.17 1.76
Net Working Capital 0 0 -7.3 0 6.1 10.61
Current Ratio 0.00 0.00 0.81 0.00 1.31 1.52
Interest Coverage 0.00 0.00 0.00 0.00 156.73 17.48
Ratio
DSCR 0.00 0.00 0.00 0.00 3.68 3.95
FACR 0.00 0.00 0.00 0.00 4.39 4.24
DER 0 0 2.35 0 1.71 1.31

1. Comments in brief on Key Financial Indicators (Bullet points for accepted levels):

The firm has achieved gross sales of Rs 97.89 Lakhs in the

Net Sales year 2023-24. Firms has estimated sales of Rs. 150 Lacs.
Looking At the firm sales of last year it may be accepted for
FY2024-25.
The firm achieved net loss of Rs. 17.97 Lacs in FY 2023-24
due to initial set up & business expenses and Firm has
PAT
estimated Net Profit for FY 2024-25 is 18.47 Lacs. the same
is sufficient to cover interest obligations
The cash accruals in projected years are increasing over a
Cash Accruals
period of time and same is sufficient to meet the repayment
obligations
The firm TNW of Rs. 22.14 Lacs in FY 2023-24 and
estimated for FY 2024-25 is 42.30 Lacs as the capital
TNW infusion of Rs. 15.00 Lacs as a part of fixed asset margin &
Rs. 5.16 Lacs profit will be retained into business. There is
rise in the TNW over the period and same trend is expected
in the years to come.
TOL/ TNW ratio of the firm is 4.09:1 as on 31.03.2024 &
TOL/TNW estimated
2.17:1 for FY 2024-25 The ratio is within limit of
maximum acceptable level of 4.5:1 as per MSME policy.
The NWC of the firm is estimated Rs. 8.65 Lacs for FY 2024-
NWC 25 which is 34% of the TCA. the same is sufficient to meet
the minimum margin requirement towards proposed CC
limit.
The current ratio of the firm was at 0.81 as on 31.03.24 &
Current Ratio estimated
1.31 for FY 2024-25. The ratio is above the min stipulated
benchmark of 1.17:1. Hence we may accept the same
The Average DSCR of the firm is estimated 5.25 during the
DSCR tenure of the loan . The ratio is above the min stipulated
benchmark of 1.5:
1. Hence we may accept the same

2. Comments on associate concerns/major suppliers/major clients:

8. Status of Existing Term Loan Accounts : Not Applicable

Name of Account : M/s KBG ENTERPRISES,

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9. Fresh Term Loan :

1. Project Detail:

2. Cost of Project & Means of finance: Rs. in (Lakh)

Name of Account : M/s KBG ENTERPRISES,

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Cost of project Amt. Means of financing (%) Amt.

Hard Cost 0.00 Promoter's contribution 13.86

Land & Site Development 0.00 Central / State subsidies 0.00

Total Land Cost 0.00 Unsecured loans 0.00

Building and constructions 0.00 Others [Specify] 0.00

Plant & Machinery - Imported 0.00 Bank Term Loan 24.70

Plant & Machinery - Domestic 0.00 0.00

Electrical Equipment's & 38.56 0.00

Deposits

Misc. Fixed assets 0.00 0.00

Any other Hard cost. 0.00 0.00

Total of other Hard Cost 38.56 0.00

Total Hard Cost (I) 38.56 0.00

Soft Cost: 0.00 0.00

Legal and Administrative 0.00 0.00

expenses.

Interest During construction 0.00 0.00

Preliminary and Pre-operating 0.00 0.00

Expenses

Contingency 0.00 0.00

Margin for Working Capital 0.00 0.00

Total (II) 0.00 0.00

Total (I +II) 38.56 38.56

Debt Equity Ratio : 0.86

Comments :

3. Comments on Cost of project & Means of finance : Total cost of assets are Rs 38.56 Lacs
out of which Bank finance is required Rs 24.70 Lacs & promoter Contribution is Rs
13.86 Lacs

4. Commercial viability: Not Applicable

10. Debt Service Coverage Ratio :

Name of Account : M/s KBG ENTERPRISES,

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Rs. in (Lakh)

Year end 2022 2023 2024 2024 2025 2026 2027 2028 2029 2030 2031
Estimate
s
Audite Audite Audite Estimate Projecte Projecte Projecte Projecte Projecte Projecte
accepte
d d d d d d d d d d
d
in
last
sanctio
n
Capacity
Utilization
Net Sales
1. Net
0 0 -17.97 0 18.47 23.96 28.96 35.58 38.8 42.1 45.08
profit after
tax
2.
0 0 13.28 0 13.58 14.44 12.27 6.95 6.26 5.63 5.07
Depreciatio
n
3. 3
Interest
for 0 0 0 0 0.22 2.51 2.22 1.91 1.55 1.16 0.72
Existing
and
Proposed
Loan
Subtotal
-4.69 0 32.27 40.91 43.45 44.44 46.61 48.89 50.87
(1+2+3)=A
4.
Instalment
s for
0 0 0 0 8.55 7.84 7.16 7.01 7.4 7.34 3
Existing
and
Proposed
Loan
5.
Interest
for 0 0 0 0 0.22 2.51 2.22 1.91 1.55 1.16 0.72
Existing
and

Comments on DSCR (in brief) :

Avg DSCR is projected is 5.25 against banks stipulated DSCR of 1.25: 1 & Principle to repay
in 84 Equated Monthly Installments. Interest to repay as & when applied

11. Implementation / Repayment Details :

Sr. No. Particulars Date

1 Date of Financial Closure / Financial tie-up --

2 Zero Date [Date of commencement of project implementation] --

3 Date of Completion --

4 Date of Commencement of Commercial Production- --

Name of Account : M/s KBG ENTERPRISES,

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5 Moratorium Period 0 Months.

6 Mode of repayment (Monthly/Quarterly/Yearly etc.,) Monthly

7 Date of first repayment 19/03/2025

Monthly
Installment of
Rs. 29404.76
to be
8 Instalment amount repayable in 84
months. or
interest to be
capitalised if
moratorium
stipulated.
9 Total repayment period 84 Months.

10 Date of last instalment 18/02/2032

As and when
11 Interest Servicing
applied

12. ASSESSMENT OF WORKING CAPITAL: Not Requested

15. Non Fund Based :

a. Bank Guarantee: Not Requested

b. Letter of Credit : Not Requested

16. Security

1. Primary :

1. Hypothecation of Plant and Machinery

2. Collateral :

Nil

17. LSR (Legal Search Report)

Date of the report and

Details of the property Remarks in the report
Name of the advocate
Not Applicable

Name of Account : M/s KBG ENTERPRISES,

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18. Valuation report(MV/RV/DV) (Rs. in Lakh )

Value
Date of the report and
Details of the property Market Realisable Distress
Name of the Valuer
Value Value Value
Not Applicable

19. Suppliers Details

1. Supplier Name R S INDUSTRIES

Supplier PAN No. AFYPJ7500F
Address NADI KA FATAK JAIPUR
Mobile no. 9829962333
Performa Invoice No. 56719059
Performa Invoice Date 2024-12-03
Description of assets to be
GYM EQUIPMENTS
purchased
Basic Amount (in Rs) 3268126
GST Amount (in Rs) 588263
Total Amount (in Rs) 3856389
GST No. 08AFYPJ7500F1Z7

20. CERSAI Observation

Details of the property Date of charge creation CERSAI ID

GYM EQUIPMENT To be done --

a) Primary Security : (Rs. in Lakh)

Facility Details Market Value Basis of valuation Date of valuation /

opinion report

Hypothecation
Term Loan of Plant and 38.56 Not Applicable
Machinery

b) Collateral Security: (Rs. in Lakh)

Name of Account : M/s KBG ENTERPRISES,

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Sr Details Market Value Basis of valuation Date of valuation /

No opinion report

Not Applicable

c) Personal/ Corporate Guarantee (Including Third Party Guarantee): (Rs. in Lakh)

Sr. No. Name of the Guarantor Nature of KYC Status Net Worth
Association / (Complied/Not
Relation Complied)

21.80 (As On
Personal
1 Mr.AJIT SINGH Complied Date: 31/01
Guarantee
/2025)

23.72 (As On
Mr.HARSH SO VINAY Personal
2 Complied Date: 31/01
KUMAR Guarantee
/2025)

12.63 (As On
Mr.SAURABH Personal
3 Complied Date: 31/01
KUMAR BURI Guarantee
/2025)

d) Guarantor Remarks:

e) % of Collateral Coverage & ROI concession offered: (Rs. in Lakh)

Facility Amount % of Collateral Coverage

Not Applicable

f) Justification for change, if any, from the existing position: Not Applicable

21. CRR & Rate of Interest: (Based on financials as on 31/03/2024)

CRR Borrower rating Total Exposure

Existing Proposed Existing Proposed

CRR

Applicable ROI as per RBP 11.55 0.00 24.70

Incentive for Collateral Security (-) 0.00

CRR Validation Date & Validation Not Applicable

Name of Account : M/s KBG ENTERPRISES,

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Committee

22. Salient Features and Justification for the Proposal:

Achievement of Sales:
% 95-100 % are routed through current account of the firm
of projections
Justification for concession
NA
/Deviation if any:
Justification for low
NA
collateral coverage:
Conduct of account: All the transaction is routed through current account
Comments on low rating NA
Comments on earning
Firm has estimated net profit of Rs. 5.18 lacs for the FY 2024-25
from the account

23. Status of Compliance

(Only non-compliances / irregularities, if any to be indicated along with a brief
justification).

Lending Policy guidelines Complied

Noncomplience of earlier
NA
terms and conditions
Name appearing in
NA
RBI/CIBIL
/ECGC defaulters list
Unrectified Inspection /
NA
Audit irregulatires
Any other risk factor NA
RoC Charges NA

24. Recommended for sanction/approval:

Facility : Term Loan (New)

Amount Rs. 24.70 Lakh (Rs. Twenty Four Lakh Seventy Thousand only)
Purpose for Purchase of Equipment's
Primary Security Hypothecation of Plant and Machinery
Margin 25 %
Subsidy (If any) Nil
RLLR ( 9.05 %) + BSS ( 0.50 %) + Spread( 2.00 %) - Collateral
Concession ( 0.00 %) + Additional Premium ( 0.00 %) = Effective
Rate of Interest ROI Value is 11.55 % p.a. with monthly rest
Tenor 84 months
Moratorium Period 0 months
Repayment Period 84 months
Monthly Installment of Rs.29404.76 to be
Repayment Terms repayable in 84 months.
(Principal) Repayment Amount Interest Servicing: As and when applied
Repayment Terms
(Interest) As and when applied

Name of Account : M/s KBG ENTERPRISES,

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Processing
Charges Rs. 24700.00 + Rs. 4446.00 (GST)= Rs. 29146.00

Service Charges for all facilities

Account Handling charges Rs 13585 + Rs 2445.3(GST) = Rs

16030.3
Other Charges as applicable As per HO guidelines

*Charges in existing Term Loan and CTA Accunts as per HO guidelines.

*Inspection/supervision charges in Term Loan from second year onwards as per

HO guidelineswherever applicable

25. CGTMSE Coverage & Fees:

CGTMSE Coverage: Yes Fees: Rs 0 + Rs 0(GST) = Rs 0

The above credit limits are further secured by following collateral security/ies. (Rs. in Lakh )

Description Market Quantum of MV net of 1st

Value 1st charge charge

Not Applicable

26. Guarantors for the above credit facilities: (Rs. in Lakh )

Name of the Guarantor Net worth

1 Mr. AJIT SINGH 21.80 (As On Date:

31/01/2025)

2 Mr. HARSH SO VINAY KUMAR 23.72 (As On Date:

31/01/2025)

3 Mr. SAURABH KUMAR BURI 12.63 (As On Date:

31/01/2025)

Specific Terms and Conditions :

1.
Dully filled in application form /PI form/Net worth certificate from the
borrower/guarantors to be obtained. All the documents submitted by the
borrower/guarantors should be self-attested by them. Branch to verify all the papers
submitted for sanction specifically KYC and financial statements from their respective
original before release of the loan. Anyadverse observations if any be reported to
sanctioning authority immediately.

Name of Account : M/s KBG ENTERPRISES,

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2.
Due Diligence report to be obtained from panel agency before disbursement of
the loan and in case of any adverse comments the same to be informed to
sanctioning authority (CPC).
3.
Branch to ensure to obtain all mandatory guidelines/permissions from the competent
authority for
running the operations.
4.
Branch to ensure CERSAI charge be created for additional mortgage before
disbursement.
5.
Branch to ensure that KYC of the borrower/guarantor be verified with original.
6.
Branch to verify existing investment made by the Proprietor towards set up of
business as per details provided in Project Report.
7.
Branch to ensure that the insurance for the primary security shall cover the entire
advance of the
Bank with bank clause.
8.
Branch to make visit to the unit and ensure funds are utilized for sanctioned purpose
only.
9.
Branch to obtain the net worth of proprietor and Guarantor.
10.
Branch to make payment of Machinery as per the Suppliers demand and remittance
to be made directly to the supplier along with Margin of the customer.
11.
Online CERSAI search to be done before disbursement.
12.
Branch to ensure that our banks charge are registered with CERSAI portal.
13.
Branch to ensure following compliances regarding term loan sanctioned to the
borrower firm:- Branch to ensure that margin of the borrower is ensured
during disbursement of loan.
Branch to ensure that disbursement of loan to be either through DD/NEFT/RTGS
& not in cash. The same is to be paid directly to the supplier.
Branch to make detailed due diligence of the vendor of the machinery and
ensure purchased equipments/ machines are new and as per Quotation.
Invoices and other Details of the Payment already made to the suppliers to be
obtained and kept on record.
1.
Branch to execute complete set of documents under Loan doc and submit to
ZO
credit monitoring department for pre disbursement compliance/vetting.
Irregularities if any, shall be rectified before disbursement.
2.
Compliance certificate to be submitted to Credit Monitoring Department at
Zonal office
as per HO circular AX1/CR MON/Cir-27/2016-17 dated 29.12.2016, AX1/Cr
Mon/Cir- 30/2016-17 dated 18.01.2017 and AX1/Cr Mon/Cir-15/2019-20
dated 03.07.2019.
3.
Branch to ensure that our charge for hypothecation of stock & debtors,
machines and
mortgage shall be registered with CERSAI immediately after documentation.
Branch to upload CERSAI registration details and submit the compliance
certificate to the credit monitoring department for the authorization
purpose.
4.
Processing fees & other charges be recovered upfront as mentioned above.
CIBIL &
visit charges are also to be recovered upfront.
5.
Branch to also obtain affidavit from borrowers & guarantors for no
litigations pending against them and this to be kept on record.
6.
CIF of borrower and guarantor to be created and be linked with the Loan
accounts
through relationship in CBS

Name of Account : M/s KBG ENTERPRISES,

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Other Specific Terms and Conditions

1. Visit to all the securities as mentioned above to be done and any adverse
observation to be reported to the Sanctioning Office.
2. The borrower shall submit an undertaking that it will not to create any other charge over
the
machineries / equipments hypothecated to the Bank.
3. Branch to ensure that the insurance for the primary security shall cover the entire
advance of the Bank with bank clause.
4. Branch to ensure regular and close monitoring of the account.

Name of Account : M/s KBG ENTERPRISES,

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5. Firm should submit Audited/Actuals financial Statements every year before 30th
September and in case of default penal charges would be levied as per bank norms.
6. UCC Clause:- Branch to obtain undertaking/consent letter for unconditional cancel ability
clause as
per circular no.AX1/IRMD/Dec 2017/Cir.No.33/2017-18 dated 15.12.2017
7. Installation of POS terminal of our bank be explored wherever possible/feasible. It
shall be made free of cost.
8. Compliance of Credit and Risk Management and Service charges policies and other
guidelines of
the Bank should be taken by Branch without any deviation.
9. Branch to undertake necessary due diligence of the unit.
10. Borrower/Guarantor shall not create any charge, encumbrance or otherwise dispose
of its assets offered as security without the prior written approval of the bank.
11. The Bank reserves the absolute right to cancel the limits (either fully or partially)
unconditionally,
without prior notice in case the loan amount / part of the loan amount is not utilized
12. Branch to undertake post sanction and disbursement visit of the site as per policy
guidelines.
13. The rate of interest, Margin and other charges will be subject to change as per
RBIs directives/ Banks Policy from time to time.
14. All other general terms and conditions are applicable as per Annexure

Other Terms & Conditions of the Sanction as per Annexure :

Appraised by: Sanctioned By

Signature

Name SAURABH KUMAR PATODI HIMANSHU AJAY KUMAR

JAISWAL
Designation MANAGER
CHIEF MANAGER
PF No. b030595
b029952
Date: 15/02/2025
15/02/2025

Name of Account : M/s KBG ENTERPRISES,

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A. Specific terms and condition :- Annexure:

For Term Loan Facility:

The company/ firm to submit draw down schedule at the time of first drawal which
1.
should be maximum within six months from date of sanction otherwise the sanction
shall lapse.
If the draw down is not completed within moratorium period, the remaining undrawn
2.
portion shall be treated as cancelled unless extension is permitted by the bank.
The promoters contribution / internal accruals shall be brought in up
3.
front/proportionately as the case may be during the implementation period.
In case of Project Loan, the company/firm shall submit to the bank monthly / quarterly
progress report on implementation of the project along with a certificate from the
4.
Architect certifying the physical progress of the project work and a certificate from
Chartered Accountant certifying the breakup of the source of funds and use of funds in
the project.
Cash Flow statements duly certified by the company/ firm should be submitted at
5.
quarterly intervals if applicable
The capital expenditure already incurred by company/ firm, if any, towards
implementation of the project may be reimbursed by retaining stipulated margin
6
subject to production of detailed statement duly certified by a Chartered Accountant
and other documentary proof like receipts of payment made etc.
7. The branch shall ensure end use of funds. Post disbursement visit report be kept on
record.
Any overrun in the cost of project shall be solely met by the company/firm by raising
8. equity and / or additional long term funds in the manner acceptable to the Bank. An
undertaking to that effect be obtained.
In the event of prepayment of the term loan, the company/firm shall pay prepayment
9. penalty at 1% on the amount prepaid. This condition is applicable if the sanctioned
amount of term loan is Rs.1.00 crore or more and if the repayment is not out of own
sources.
The company/firm shall submit an undertaking that it will not to create any other
10. charge over the machineries / equipment(s) hypothecated to the Bank and over
properties mortgaged to the Bank which are purchased out of Bank finance.
The company/firm shall not shift or remove the security described in the schedule of
11.
agreement without the prior approval of the Bank in writing
12. The SCOD of the project is subject to finalization at the time of financial
closure/documentation
Branch shall obtain and keep on record the original invoices from suppliers/contractors
or a list of machinery / equipment etc and photocopies of invoices thereof duly
certified by Chartered Accountant. The company/firm should confirm and demonstrate
13.
before disbursement that all approvals, clearances, consents and waivers etc. required
for the project are obtained from the competent authorities and are valid and
effective. The company/firm shall further undertake to keep them valid and effective
during the tenure of the loan/bank facility.
The loan should be disbursed directly to the contractors / builders / suppliers through
NEFT/RTGS duly mentioning the details and purpose of remittance. Branch to obtain
letter from supplier giving details of the suppliers Bank details including Account No.,
14.
IFSC Code and confirming that the goods would be supplied to the borrower with Banks
hypothecation charge. In case disbursement is made through other mode supporting
documents confirming end use of the funds must be held on record.

Name of Account : M/s KBG ENTERPRISES,

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In case of project loans, the company/firm should undertake to give 1st right of refusal
15. to the bank for participation in their future working capital requirements including non-
fund based requirements on completion of the project.
In case of consortium/Joint lending arrangements, all other terms and conditions as
stipulated by the leader bank / other bank in the consortium/joint lending shall be
applicable Mutatis Mutandis for

Name of Account : M/s KBG ENTERPRISES,

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16. the credit limits sanctioned by our Bank so far as same are not detrimental to interest of
our bank.
For Term Loans above Rs.50.00 crore covenants if any in relation to certain agreed
parameters like TOL/TNW, TOL/Adj. TNW, Current Ratio, DSCR, D/E Ratio are stipulated,
the same are required to be tested annually on the basis of Audited Balance Sheet
17. (ABS). Penal interest of 1% will be charged in case of breach of any of the parameters
from the date of ABS and shall continue till the breach is cured.
The breach of any covenant will be treated as Event of Default.
Other General terms and conditions:
1. The company/firm shall submit an undertaking to the effect that it will:
A. Not utilize the working capital finance for acquisition of fixed assets and for
speculative purposes.
B. Obtain NOC from the Bank for availing of credit facilities from other Banks / Fls for
further expansion of business, taking up new business activity or setting up / investing
in a subsidiary whether in the same business line or related business.
C. Submit a certificate at the end of every quarter furnishing details of accounts opened
with other Bank/s or it shall submit nil certificate if no account is opened during the
quarter.
D. In case of shortfall in estimated profitability/cash accrual it will make good the
shortfall immediately by infusion of additional capital and / or long term sources and
this support will be kept valid during the currency of bank finance. The company/firm
should also undertake to maintain satisfactory TOL/TNW ratio, Current Ratio, Net
Working Capital failing which penal interest @1% may be charged for the period of
default.
E. Maintain the level of unsecured loans estimated and accepted if any at the time of
sanction throughout the currency of the bank finance.
F. Not transfer / invest funds from the facility/ies availed from the Bank in whatsoever
manner in any other concern.
2. The company/firm/trust shall submit a declaration stating that:
A. They have no objection for disclosure of the names of Company/ directors/ firm/
partners/ proprietor/ trustees of the trust/ guarantors to RBI/CIBIL.
B. The payment to small investors (if public deposit is accepted) is up to date and dues
to MSE suppliers are paid on time.
C. It is not a company/firm in which any of the directors of other banks hold substantial
interest or is interested as a Director/Partner or Guarantor.
D. The directors of the company/partners/proprietor of the firm/ trustees of trust are not
directors / relatives of directors of bank.
E. No litigation (other than arising in normal course of business) is pending against the
Company/ directors/ firm/ partners/ proprietor/ trustees/ guarantors/ group concerns.
F. They are not related to any of the Senior officials of the Bank.
The company/ firm should maintain adequate books of accounts, as per applicable
3. accounting practices and standards, which should correctly reflect its financial position
and scale of operations and should not radically change its accounting system without
notice to the Bank.
The company/firm should submit to the Bank such financial statement as may be
4. required by the Bank from time to time in addition to the set of such statements to
be furnished by the company/ firm to the Bank as on the date of publication of the
company/ firms annual accounts.
The company/firm should not induct into its Board a person whose name appears in the
wilful defaulters list of Credit Information Companies. In case such a person is already
5.
on the Board of the borrowing company, it would take expeditious and effective steps
for removal of that person from its Board. Nominee directors are excluded for this
purpose.
The company/firm shall keep the Bank informed of any circumstance adversely

Name of Account : M/s KBG ENTERPRISES,

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6. affecting the financial position of subsidiaries/ group companies or companies in which

it has invested, including any action taken by any creditor against the said companies
legally or otherwise.
The company/firm shall deal with our Bank/ Banks under consortium/ multiple banking
arrangement

Name of Account : M/s KBG ENTERPRISES,

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exclusively, shall not open current account(s) with any other Bank without our
7. permission. The company/ firms entire business relating to their activity including
deposit, remittances, bills/ cheque purchase, non-fund based transactions including
LCs and BGs, Forex transactions, merchant banking, any interest rate or currency
hedging business etc. should be restricted only to the financing banks under
consortium/ multiple banking arrangement.
Fund Based limits both in Working Capital and Term Loan, should be regulated through
8.
an Escrow mechanism as agreed among banks to avoid any kind of diversion of funds.
The company/firm shall keep the Bank informed of the happening of any event likely to
have a substantial effect on their profit or business: for instance, if, the monthly
9.
production or sales are substantially less than what had been indicated, the company/
firm shall immediately inform the Bank with explanations and the remedial steps taken
and / or proposed to be taken
The company/firm shall not effect any change in its capital structure where the
shareholding of the existing promoter(s) gets diluted below current level or 51% of the
10. controlling stake (Whichever is lower), without prior permission of the Bank-for which
60 days prior notice shall be required. In case of limited liability partnerships and
partnerships firms promoters would mean managing partners for the purpose of this
covenant
No commission/ consideration to be paid by the company/ firms to the guarantors for
11.
guaranteeing the credit facilities sanctioned by the Bank to the company/ firms.
The company/ firm will utilise the funds for the purpose they have been lent. Any
12.
deviation will be dealt with as per Bank/ RBI guidelines
Promoters shares in the borrowing entity should not be pledged to any Bank/
13.
NBFC/Institution without Banks consent
The undernoted covenants will be subject to prior notice being given by the company/
firm and being agreed to by the Bank. If the Bank turns down the company/ firms
request but the later still goes ahead, the Bank shall have the right to call up the
facilities sanctioned
i. Formulating any scheme of amalgamation or reconstruction.
ii. Undertaking any new project, implementing any scheme of expansion/
diversification or capital expenditure or acquiring fixed assets (except normal
replacement indicated in funds flow statement submitted to and approved by the
Bank) if such investment results into breach of financial covenants or diversion of
working capital funds to financing of long term assets.
iii. Investing by way of share capital in or lending or advancing funds to or placing
deposits with any other concern including group companies. (Normal trade credit or
security deposits in the ordinary course of business or advances to employees can,
however, be extended). Such investment should not result in breach of financial
covenants relating to TOL/Adj. TNW and current ratio agreed upon at the time of
sanction.
iv. Entering into borrowing arrangement either secured or unsecured with any other
bank, financial institution, company or otherwise or accepting deposits which increases
indebtedness beyond permitted limits, stipulated if any at the time of sanction.
v. Undertaking any guarantee or letter of comfort in the nature of guarantee on behalf
of any other company (including group companies)
vi. Declaring dividends for any year except out of profits relating to that year after
making all due and necessary provisions and provided further that such distribution
may be permitted only if no event of default/ breach in financial covenant is subsisting
14.
in any repayment obligations to the Bank.
vii. Creating any charge, lien or encumbrance over its undertaking or any part thereof
in favour of any financial institution, bank, company, firm or persons.
viii. Selling, assigning, mortgaging or otherwise disposing of any of fixed assets charged
to the

Name of Account : M/s KBG ENTERPRISES,

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Bank. However, fixed assets to the extent of 5% of gross block may be sold in any
financial year provided such sale does not dilute FACR below minimum stipulated
level. (Not applicable for unsecured loans)
ix. Entering into any contractual obligation of a long term nature or which, in the
reasonable assessment of the Bank, is detrimental to lenders interest, viz. acquisitions
beyond the capability of borrower as determined by the present scale of operations or
tangible net worth of the company/

Name of Account : M/s KBG ENTERPRISES,

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firm/ net means of promoters etc. leveraged buyout etc.

x. Changing the practice with regard to remuneration of Directors by means of
ordinary, remuneration or commission, scale of sitting fees etc. except where
mandated by any legal or regulatory provisions.
xi. Undertaking any trading activity other than the sale of products arising out of its own
manufacturing operations. (Not applicable in case of finance is for trading activity only)
xii. Permitting any transfer of the controlling interest or making any drastic change in
the management set-up including resignation of promoters directors.
xiii. Repaying monies brought in by the promoters/ directors/ principal shareholders
and their friends and relatives by way of deposits/ loans/ advances. Further, the rate of
interest, if any, payable on such deposits / loans/ advances should be lower than the
rate of interest charged by the Bank on its term loan and payment of such interest will
be subject to regular repayment of instalments of term loans granted/ deferred
payment guarantees executed by the Bank or other repayment obligations, if any, due
from the company/ firm to the Bank.
xiv. Approaching capital market for mobilizing additional resources either in the form of
debt or equity.
Terms and Conditions for ZED certified MSMEs.

1. If the MSMEs borrower is ZED certified then undermentioned incentive to be

passed on to the borrower based on the category of ZED certification:
ZED Certificate
Sr No Concession in
Category
Commission for
Rate of interest Processing Fee
BG/LC and Bills
1. Bronze 25 bps 25% 25%
2. Silver 35 bps 35% 35%
3. Gold 50 bps 50% 50%
15. 2. Concession for ZED category is allowed on the extant Service Charges
Guidelines or as per the scheme / credit product.
3. Other concession/s in Rate of Interest shall be clubbed with the concession for
ZED category subject to minimum ROI as RLLR.
4. Other concession/s in processing fee as well commission shall be clubbed with
the additional concession for ZED category.
5. Concessions for ZED category is applicable for transactions related to Inland
and Foreign Exchanges also (Import LC, Foreign BG, Import Bills, Export Bill)
6. The concessions linked to ZED certificate shall be removed after expiry of
validity of certificate. The concessions can be re-extended after renewal of
certificate and date of certificate shall be entered in CBS.
7. Branch shall ensure that the borrower gets the provided incentives for its ZED
certification. The same shall be verified in CBS after account opening.

This loan is sanctioned under MSME Maha Swagatam Campaign and is eligible for following
concessions as per its category:

Applicable Rate of Interest Applicable Rate of Interest

Amount above Rs.25 crore and
Amount up to Rs.25 crore
up to Rs.50 crore

Name of Account : M/s KBG ENTERPRISES,

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CMR Internal Rating External Rating

AAA/AA A BBB AAA/AA A BBB
RLLR RLLR RLLR RLLR RLLR RLLR
CMR1
+ + + + + +
0.10 0.25 0.30 0.10 0.25 0.30
Rate of RLLR RLLR RLLR RLLR RLLR RLLR
Interest CMR2
+ + + + + +
0.15 0.30 0.35 0.15 0.30 0.35
RLLR RLLR RLLR RLLR RLLR RLLR
CMR3
+ + + + + +
0.20 0.35 0.40 0.20 0.35 0.40
16. RLLR RLLR RLLR RLLR RLLR RLLR
CMR4
1. Annual review of the account to be done and RoI as per risk
profile of the borrower at the time of review will be applicable
as per above table.
2. In case, borrowers rating downgrades below BBB/CMR-4, ROI will
be applicable as per general RBP structure for MSME borrowers
from the due date of review.

1. Processing Fee:
Nil for MSME borrower with CIBIL MSME Rank (CMR) 1 & 2
Service and Minimum Collateral Coverage of 50%
Charges 75% concession in processing fee for MSME borrower with
CIBIL MSME Rank (CMR) 3 & 4 and Minimum Collateral
Coverage of 60%
2. Other charges to be recovered as per extant Banks guidelines

BG/LC 1. BG: 50% concession in commission

Commission 2. LC: 50% concession in commission

CMR of the borrower is NA. As such, Rate of Interest and Service Charges shall be
applicable accordingly as per the above table, till the next due date of review.

Documentation
The credit limits shall be released after completing documentation. If the branch is
17.
under concurrent audit, then concurrence of the auditor to be obtained at the time of
disbursement
In respect of accounts with exposure of Rs. 50 lakhs and above, upon completion of
18. documentation, the same shall be subject to verification by law officer/ panel advocate
before release of facilities. In case of consortium/ JLA vetting by LLC be obtained.
Certified copy of the resolution passed at the Board meeting of the Company
authorizing borrowal of credit limits from the Bank and execution of the loan
19.
documents be obtained. Further the copy of board resolution stating that borrowings of
the company are within the total borrowing powers as per MoA/AoA be kept on record.
Our charge / modification of charge shall be registered with ROC wherever applicable
within the prescribed period. Further our charge on the property/ies/hypothecated
securities by way of mortgage/hypothecation should also be registered with CERSAI.
Before creation of our charge with
20.

Name of Account : M/s KBG ENTERPRISES,

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CERSAI it should be ensured that no prior charge is created / is in existence on the

property/ies
/securities which is proposed for mortgage/ hypothecation to avoid multiple charges on
the same property/security and to prevent fraudulent transactions
Legal opinion on the immovable properties offered as primary / collateral shall be
obtained from our panel advocate to ensure valid and enforceable mortgage. Mortgage
21.
/ documentation formalities shall be completed under due legal advice. In case the
account is under consortium /JLA, copy of such opinion obtained by the lead bank from
their panel advocate/LLC be held on record
Valuation report of the immovable / movable fixed assets to be mortgaged /
hypothecated shall be obtained from the Banks approved valuer. In case of exposure
above Rs. 5.00 crore, valuation from 2 panel valuers shall be obtained, and if there is
22. material variation between the two valuations, lower of the two shall be considered.
In case the account is under consortium /JLA, copy of such reports obtained by the lead
bank from their panel valuers be held on record
All securities charged to the Bank shall be insured against all risks for the full value at
23. the Companys
/firms cost and the policy shall remain in the joint names of the company/firm and
Bank with banks clause duly incorporated therein.
Where pledge of shares is stipulated it should be ensured that the bank does not hold
24. shares of an amount exceeding 30% of the paid up share capital of that company or
30% of banks paid up capital and reserves whichever is less.
In case of advance under consortium, the facility shall be operative subject to formal
admission of our Bank as member of consortium & completion of Joint Documentation
25. by consortium OR execution of individual documents by obtaining letter for ceding
pari-passu charge on primary and collateral security along with NOC from consortium
leader/ members if specifically permitted in the sanction.
Restrictive Covenant
The company/ firm is prohibited from using the facility amount or any part thereof for
any purpose other than for which it has been sanctioned and in case of violation, the
26.
bank has a right to recall the facility amount or any part thereof at once not
withstanding anything contrary to the above or any other agreement
The company/ firm should not make any drastic change in their management set up
27.
without the Banks permission.
The sanction accorded by the Bank does not vest in any right to claim any damages
28.
against the Bank for any reasons whatsoever
The Company shall not declare any dividend unless satisfactory arrangements are
29.
made for debt servicing.
Bank Reserves the unqualified right (that / to)
In case of default in repayment of the loan/ advances or in the payment of interest
thereon or any of the agreed instalments of the loan on due date(s) by the borrower,
30. the Bank and / or the RBI will have an unqualified right to disclose or publish the
company/ firms name or the name of the company/ firm/ unit and its directors/
partners/ proprietors as defaulters/ wilful defaulters in such manner and through such
medium as the Bank or RBI in their absolute discretion may think fit.
Bank will have right to examine at all times the company/ firms books of accounts and
to have the company/ firms factories inspected from time to time by officer(s) of the
31.
Bank and/ or qualified auditors and / or technical experts and or management
consultants of the Banks choice. Cost of such inspection shall be borne by the
company/ firm.
The Bank will have the right to share credit information as deemed appropriate with
32.
Credit Information Companies (CICs) or any other institution as approved by RBI from
time to time.
To assign/shift a part /full of the advance to any bank/FI without notice to the
33.
company/firm by way of participations
Name of Account : M/s KBG ENTERPRISES,
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To charge / continue to charge interest as indicated at monthly rests and to review

rate of interest / commission and other terms applicable from time to time and to
34. modify the same at the sole discretion of the Bank and to give notice at any time and
thereafter to charge such other rate of

Name of Account : M/s KBG ENTERPRISES,

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interest as the Bank may decide.

To charge higher rate of interest on downgrading of the rating on default in repayment
35. of any loan instalment and/ or servicing of interest in any loan account (including
working capital) for any month and to recall the entire advance if the default continues
subsequently
To review and re price the credit exposure in case external rating of applicant
36.
company/firm is downgraded.
In the event of default in repayment to the Bank or if cross default has occurred, the
37. Bank will have the right to appoint its nominee on the Board of Directors of the
company/ firm to look after its interests
In stressed situation or restructuring of debt, the regulatory guidelines provide for
38. conversion of debt to equity. The Bank shall have the right to convert loan to equity or
other capital in accordance with the regulatory guidelines
After provision for tax and other statutory liabilities, unless expressly permitted
39.
otherwise, the Bank will have a first right on the profits of the company/ firm for
repayment of amounts due to the Bank
In the event of default, or where signs of inherent weakness are apparent, the Bank
40. shall have the right to securitise the assets charged and in the event of such
securitization, the Bank will suitably inform the company/ firm(s) and guarantor(s)
Cancel the limits (either fully or partially) unconditionally, without prior notice in case
of occurrence of all or any of the following events :
a) The limits / part of the limits are not utilized.
b) Deterioration in the loan account in any manner whatsoever
41. c) Non-compliance of terms and conditions of sanction
d) Any other reason which the bank considers appropriate to cancel the facility
Borrowers Consent Letter for Unequivocal and Unconditional accord in this regard to be
submitted / obtained. (Applicable for sanctioned limits of Rs. 10 lakhs and above.)
Branch shall ensure that :
Confidential report/s on company/ firm from all existing banker/s is / are obtained and
kept on record. Alternatively a certificate from the statutory auditors or chartered
42.
accountant firm of the company / firm stating that all accounts of the company/firm
with all the existing banks are in order and are standard is obtained and kept on
record.
All un-rectified inspection / audit / credit audit / stock audit / concurrent audit / APR
43.
comments are rectified prior to disbursement / release of enhanced facilities in case of
existing borrowers.
All necessary regulatory / statutory and mandatory clearances / approvals such as
44. environmental, forest, rehabilitation, pollution control etc are in place at the time of
disbursement wherever applicable.
Latest personal information forms duly filled in by the directors / partners/ proprietor/
45. trustees
/guarantors and Net worth details supported by relevant tax returns / duly certified by
their auditors are obtained.
Charges:
Processing charges / Upfront Fees / Supervision / Inspection / Commitment /
Amendment / NOC issuance charges, TRA charges, Negotiation Charges, Syndication
Charges, Earmarking of limits charges, Loan closure charges, Pre-payment charges, EMI
Default charges etc wherever applicable shall be collected as per the Banks guidelines
unless specifically waived / concession is granted.
Processing fee is to be recovered on annual basis for review renewal of working capital
facility. For annual review of Term Loan upto Rs. 50 Lakh is NIL, and above Rs. 50
Lakh, Rs. 120 (per Lakh) will be deducted subjected maximum of Rs. 5 lakh.
All other charges as per extant guidelines of the bank and Service Charge rules will be
recovered (wherever applicable) unless specifically waived / concession is granted.

Name of Account : M/s KBG ENTERPRISES,

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Commitment Charges:
Up to Rs. 1 Crore: NIL
46. Above Rs. 1 Crore:

Name of Account : M/s KBG ENTERPRISES,

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New Sanction:
1. Working Capital: limits if not utilised within 3 months :- 0.50% p.a.to be
recovered at quarterly intervals @0.125%.
2. Term Loan limits: NIL
3. Existing Working Capital Limits:
3a.utilisation above 75% :- NIL
3b.utilization 50-75%:- 0.5% p.a. of the unutilised limits.(To be recovered at quarterly
intervals @0. 125%.)
3c.utilization Below 50%:- 1% p.a. of the unutilised limits.(To be recovered at quarterly
intervals @0. 25%.)
4. Line of Credit: 1% p.a. of the sanctioned unutilized limits. (On quarterly basis
@0.25%)
Each of the following events will attract penal interest, over and above the normal
interest rate applicable in account :
I. Non-compliance of terms of sanction @ 1.00% p.a.
II. Non-creation of security @ 1.00% p.a.
III. Late / non submission of monthly stock / receivables statements beyond expected
due date every month @ 1% for period of default.
47. IV. In case of payment default; for the period of overdue interest/ instalment in respect
of Term Loan accounts and over-drawings above the drawing power/ limit on account of
interest / devolvement of Letter of Credit/ Bank Guarantee, insufficient stocks and
receivables etc. in case of Fund Based Working Capital accounts @ 2% on the portion of
overdrawings.
Where simultaneous defaults are observed under various heads where penal interest is
applicable, the maximum penal interest to be charged over and above the normal
applicable rate of interest shall be restricted to 2% p.a.
Monitoring
The Branch should reconfirm the External Rating of the company/firm before
48. disbursement of the fresh credit facility. If there is any down-gradation from the last
reported rating, the same should be brought to the notice of sanctioning authority prior
to disbursement
The company/firm shall submit to the Bank, every year, audited annual accounts within
a period not exceeding 6 months / three months (in case of listed companies) from the
49.
close of the previous accounting year. Similarly quarterly results wherever applicable
shall also be submitted within 45 days from the end of the last quarter
In respect of accounts with exposures above Rs. 5 crores, external rating as required
under Basel III to be renewed every year from an approved rating agency failing which
50.
penal interest of 1% shall be charged for the period of default. Wherever the external
rating is downgraded, additional interest @ 25bps shall be charged per notch
downgrading.
Proper sign board should be displayed / painted on the factory premises / go downs at
51.
a conspicuous place giving clear notice of the Banks charge over the assets of the unit.
Field authorities shall make visit to unit/s of the company/firm including registered /
corporate offices once in 3 months. Visit Report be kept on record. Pre and Post sanction
52. visit reports with end use certificate, verifying the end-use be held on record. Pre
sanction visit of the properties offered as principal / collateral securities be made and
report thereof be held on record confirming the acceptability of the valuation given by
the valuer of those properties.
End use certificate from the company/firm be obtained certifying that funds have been
used for the purpose for which the facilities have been sanctioned. Where the accounts
of the company/firm are subject to audit, the end use certificate should be obtained
53.
from the auditors of the company/firm. In case of branches under concurrent audit, end
use certificate from concurrent auditor shall also be obtained in respect of
disbursement of loans and advances of above Rs. 10.00 Lakhs. The branches shall
send the confirmation of end use to the sanctioning authority.

Name of Account : M/s KBG ENTERPRISES,

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 Note for Branch
Head

Zonal Office/Branch to study the balance sheets of sister concerns, as far as possible on
a common date else balance sheet not older than nine months to analyse interlocking of
54. funds, diversion of funds etc. Any material negative observation revealed from above
exercise shall be reported to the

Name of Account : M/s KBG ENTERPRISES,

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 Note for Branch
Head

sanctioning authority
The branch should submit Certificate of Compliance of Terms and Conditions of
55.
sanction to the Zonal Office prior to disbursement.
In case of shortfall in NWC, Zonal Office / Branch shall monitor the account closely and
confirm that applicant has infused adequate funds by way of capital or long term
56.
sources ( in manner acceptable to the bank) in order to meet the NWC shortfall.
Improvement in NWC shall be verified from quarterly results duly certified by Chartered
Accountant/Auditors of the company/firm.
The company/ firm shall submit a certificate at the end of every quarter, furnishing
57. details of accounts opened with other banks. If no such account is opened, a nil
certificate should be submitted.
58. A certificate from CA stating that all statutory dues are paid up to date be obtained.
59. All the facilities sanctioned are subject to annual review
In case of MBA/ Consortium/ JLA, exchange of information should be ensured at
60.
Quarterly intervals and Banks guidelines shall be adhered to strictly ( Wherever
applicable )
Field authorities shall adhere to extant guidelines and instructions on obtaining /
Sharing of Information relating to credit, derivatives and un-hedged foreign currency
61.
exposure for borrowers availing credit facilities under consortium / multiple banking
arrangement / Joint lending arrangement before release of credit facility.
Banks policy on un-hedged foreign exchange exposure shall be adhered to strictly in
62.
case of un- hedged foreign exchange exposure.
Additional Interest as stipulated in HO circular no. AX1/Cr. Mon/Cir. No.24/2014-15 dated
63. 26.03.15 on un-hedged Foreign Currency exposure to the borrower enjoying total
exposure of Rs.10.00 crore and above be recovered on getting the information from
TIBD on quarterly basis.
64. This Sanction is valid for 90 days from date of sanction.

Name of Account : M/s KBG ENTERPRISES,

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